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CNBC
Sep 14, 2012 7:00pm EDT
? they've had a hell of a run, will they run more? >> i said back in june that the s&p could be between 1500 and 1600, and i hope i'm right. i said the only way it gets there is if the financials lead the way. i stick by that call. the financials are going to benefit because what bernanke is doing is he's going to support risk assets. this is going to help the housing market, that's going to help banks, the short term. by the way, larry, volcker had a different problem. he was trying to break the back of inflation. >> right. the exact mirror image of what volcker did. volcker took money out, this guy is putting money in. >> the difference is that volcker cared about the dollar. >> go ahead. >> larry -- >> the reason that he talked about the dollar is they destroyed the value of it ever since the fed was implemented. we've lost 96% of the value of the dollar since the federal reserve started tinkering with the economy. that's why he doesn't talk about the dollar. >> that's right. but volcker was fighting runaway inflation, bernanke is fighting the specter of deflation. that's wha
CNBC
Sep 6, 2012 7:00pm EDT
highest level in 12 years. the s&p at its highest level since january 2008 spurred on by strong economic numbers and the european central banks saying it will buy bonds from troubled countries. also president obama says it will take a few more years. a few more years for the u.s. to solve its economic problems. tonight he will tout his so-called promises kept over the past four years at the democratic national convention. a celebration of failure. that's what mitt romney called it. did he keep his promises -- obama that is. why should his contract be renewed as president clinton said last evening. speaking about president clinton and his fine speech last night, tonight we have to take a look at something he said last evening. take a listen. >> when times are tough and people are frustrated, angry, hurting and uncertain, the politics of constant conflict may be good. but what is good politics does not necessarily work in the real world. unfortunately the faction that now dominates the republican party doesn't see it that way. they think government is always the enemy. they are al
CNBC
Sep 20, 2012 7:00pm EDT
the s&p 500 over the past year, $3.5 trillion that's going to make everybody a lot happier. and i want to add to this point, stock market, the so-called investor class is usually the most group, the most likely to vote group of anyone out there and look what they have done. they're feeling better and that maze be wie obama's polls are getting better. now we show showed this chart last night, i want to run it again, because guess what? home prices another huge asset and wealth indicator. home prices are obviously improving over the past year, they're up about 10.5%. that comes to this, here we go again, $1.9 trillion of added wealth because we have had a bump up in home prices, we're nowhere near the peak in 2006, 2007. but we're gaining on it. with regard to stocks, we're not so far from the peak in 2007. but my point is a very simple point, i want to be very honest about this, yes, i favor mitt romney's policies, but the stock market is an important indicator invests vote. and the house price appreciation may also turn out to be an important indicator. i want to chew on this with
CNBC
Sep 25, 2012 7:00pm EDT
credit. >> it gets bumme s dumber. these people 2014 they want to jack up taxes. they agree with jarod bern teen. i love him. he is a great human being. but for them to go with him and follow him down the path of jacking up taxes is beyond my scope of understanding. >> we didn't talk about their support of the volka rule and the too big to fail. >> in some sense i may agree with jarod on one thing here. i would like to see more taxes but i don't want to see tax rates higher. but i want to employ more peemt. so i want to follow simpson bowles and broaden that base. >> that is good. we can end on a note of agreement here. >> that is a great plan. that had $600 billion of stimulus in the first year. by the way, you guys are with these folks on the broaden the base, lower the rate. >> i got to get out. al is talking to me about a consumed income tax. which is an interesting proposition. thank you very much. you shoulden list as a business economist. and art it is great to see you. coming up, we are going to be graced by the presence of ann coulter. she is going to tell us why the mai
CNBC
Sep 11, 2012 7:00pm EDT
opportunity, i want to ask you, the u.s. markets since early october is up 30% on the s&p. that's pretty darned good. what's that telling us? a lot of people didn't expect that to happen? does it mean our economy at some point will get better, how do you read that? >> it means the federal reserve is pumping huge amounts of money into the market. not good for you and me but those people up 30% since october. this will end in a terrible mistake. >> terrible mistake. i don't want to talk a lot of politics but i do want to ask you, some people are calling it an obama rally, and some calling it a romney rally. is politics part of this? >> nothing to do. a federal reserve rally. they're printing money. it has to go somewhere and going into the stock market and commodity market. >> quite possibly thursday we will get an announcement from bernanke that there's more federal reserve money that will be pumped in. should people go into that long, commodities, grain, silver. >> the market is already up 30%. i wouldn't jump on what mr. bernanke says thursday whatever he says. they've been printing mon
CNBC
Sep 27, 2012 7:00pm EDT
, chief global strategist, michael ozainian, co-host of sports money on the s channel. >> that's correct. >> you have to explain to me what really a collapse of durable goods, very important investment in manufacturing indicator, and the downturn, downdraft of gdp, stocks went up anyway. up 100 points for a lot of the day, finished up 72. >> stocks are going up because central banks are printing money. the animal spirits of capitalism in this country are on strike. gross fixed capital investment was unchanged in the quarter. a year ago, it was un5%. corporate profits don't even look good to me. looking at about 2% annual growth. good and revised up slightly. >> this is supposed to be a recovery. we're supposed to be seeing 5%, 6% growth. instead the trend is down. they're saying 1% earnings in 2013? no way. the big thing we've had to help publicly traded companies is 30 2013? no way. the big thing we've had to help publicly traded companies is 30% in output sales per employee. they're up 30% since 2009. that is not going to continue. >> how did you know that? that's a great stat.
CNBC
Sep 7, 2012 7:00pm EDT
points. the nas up, the s&p up 31. excellent numbers. we're going to talk to phil orlando, chief equity strategist at federated investor. one theory was a lousy jobs number would cement a big move for fed stimulus which is supposed to be great for stocks. what happened today? >> to some degree you had a huge move in the market yesterday. up 2% on the back of draghi's action at the ecb. having studied jackson hole a couple of weeks ago, we felt the fomc decision was going to be close. it would be data dependent. the silver lining on the horrible jobs number is we think the hurdle has been lowered and we'll get something next week. >> hope springs eternal that the fed will pump more money into the economy in what would be a futile effort and waste of taxpayer money. but i want to ask you this. maybe the lousy jobs numbers, revisions the last few months and the whole economy has slowed down to less than 2%. i want to ask you. is it good that the fed is going to stimulate or are the lousy numbers bad because they are telling us a bad economy will produce bad profits? since profits ar
CNBC
Sep 24, 2012 7:00pm EDT
right back. >>> stocks were on a tear, at least for a while. the s&p 500 has gained almost 30% from where it stood a year ago. apparently some money managers who caught this rally are actually mulling whether whether to sit out the rest of the year. my next guest believes stocks could keep rising. here now is "fast money" contributor brian kelly, co-founder of shelter harbor capital. you know, brian, there's so much event risk around nowadays. you can't tell what's going to happen in the middle east. you can't tell what's going to happen in europe. you can't tell what's going to happen in the american elections. how can these guys actually sit out the whole quarter? >> i'm not really sure how you can sit out the whole quarter. i guess if you're up 30% for the year, why wouldn't you probably take some off the table? but with volatility so low, can you also buy some puts. not only that, there aren't a lot of money managers out there that are really that far ahead of the averages, so more likely is the fact that people are behind, and you can get kind of this self-fulfilling type of ra
CNBC
Sep 13, 2012 7:00pm EDT
. gold could go to $10,000 at the same time as the s&p goes to 100. believe me, if the fed is still doing $40 billion a month two years from now, that's not a good thing because it wouldn't do it unless the economy were still in the gutter. so this is a trade-off. they only do the good thing when there's a bad thing. so if you are wishing for them to do the good thing, that means you're wishing for the bad thing. that's why this doesn't work and why this isn't going to help stocks. >> that's an interesting point and i want to go back to that, why it won't help stocks. i don't know what the short run is anymore, five days or five month or five years whatever. if bernanke is putting all this money in, every month, he's putting all this money in, everybody knows he's putting all this money in, when does the dow go to 15,000, 16,000, 17,000. at some point the whole bulb will collapse, totally collapse, maybe about the time the whole currency collapses. before it collapses, what i'm trying to get to, don, how high could the market go? >> the market, in my view, can only go as high as thi
CNBC
Sep 12, 2012 7:00pm EDT
. the dow and the s&p 500 touched fresh multi-year highs earlier in the session before the afternoon pullback. investors remain on their toes ahead of tomorrow's fed announcement. here now, stephen weiss of short hills capital author of "the big win." can we do this apple story iphone 5? i'm dying to buy one because i hate my samsung. do you think it's a good product? >> too many people are now worried about what's next? they didn't do much for the ipad 3 or the ipad, i've got one right here, actually and there were many upgrades. i think there were very sound upgrades for iphone 5. for apple it's a penetration story and i would buy the stock. i do own the stock. i'm also short puts. it's 13 times earnings. >> what kind of margins do they make on these things? >> yea, but you really got to look at them as they outsource all of their management and manufacturing so it's eye high-margin company. >> barack obama wouldn't like them at all. >> barack probably hates them. >> and he may have an apple. >> he's keeping it under the covers and showing the blackberry. the apple is not approved
CNBC
Sep 17, 2012 7:00pm EDT
dow closed down for the 14th time in the past 15 monday. nasdaq and s&p both down five. it may be good times for. all shareholders but the party could be over for corporate profits. front page story in the "new york times" warns that profits are going to decline in the third quarter and maybe in the fourth quarter as well. joining me now is the ceo of hedge high risk management and cnbc contributor. keith welcome. of all things out there are profits our biggest concern? >> huge issue. number one case for the bulls. going back to march before growth slowing began the bulls case was growth is back, earnings is great and stocks are cheap. now growth is slowing, earnings are under pressure and you don't really know what cheap is if you're using the wrong revenue and earnings numbers. revenues are slowing because gdp continues to slow. ben bernanke policy slows growth further because inflation slows growth and of course on the profit side inflation takes up things like producer prices which were up 1.7%. >> but, do you think regarding bernanke now most people believe that bernanke put
CNBC
Sep 18, 2012 7:00pm EDT
saying it might go up to 50%. but the teacher s got some of what it wanted and the city got some of what it wanted. >> thank you we appreciate it. >> now to today's other big story. the romney campaign, the gop nominee made at a private mund razois race fundraiser. >> take a listen to mr. trump. i don't think he should apologize. but he should not be apologizing. so just what will the political fall out of this gaff if any. let's go to robert costa of the national review. >> this is a big story of mitt romney. they see this as a one-week story. maybe a 24-hour story. they believe that they can get beyond this shiny object they can win this election. >> it was taken only months ago. and it was filtered again. >> can mitt romney come back to the economy? that is what his campaign was focused on today. getting back to the mufundaments of whether or not they think he is strong. i'm going to share with senior adviser ed gillespie. former clinton white house aid, keith boynten. thanks. ed klein, do you think that romney ought to apologize? do you think he was wrong the way he went through the
CNBC
Sep 28, 2012 7:00pm EDT
week as a whole in stocks they lost 142 points. on the dow. the s&p dropped 199 and the nasdaq looses 64 points. picking up the bad news. look at the numbers. the chicago pmi, gdp, income, real consumer spending, durable goods, pndsing home sales all down weaker than expected or down. telltale signs of a stall-speed recovery or an out right recession? here we go again. joe, i begin with you. i know you don't buy in to the recession camp. i want to tell you, all of a sudden the bad numbers are coming back. what especially bothers me, i'd like your comment on this, manufacturing heading south, businesses capital goods, investment heading south. those are two basic drivers of the economy, and if that stops jobs are going to stop, too and so is everything else. >> larry, i think those are very good points. i would argue most of the weakness we are seeing in the manufacturing side is a function of much weaker export s because of weakness in europe and asia. i think what we are seeing in the latest chicago data is a catchup with all the other weakness we had seen in earlier surveys.
CNBC
Sep 21, 2012 7:00pm EDT
legislation and the market's getting worried about that and we have a great s&p run. things have been really good. if we seem to be overextended and we lose steam we're really talking about literally a 2008-2009 style of recession. we can't take a chance of that happening. >> thank you for the analysis and i hate to say i hope you're wrong, but we'll see. coming up, thanks, hillary. unions holding american airlines and the economy hostage. almost 300 flights came through this week. how many people, i don't even want to think about the people at the airport that work for amr and what they have to listen to. dan cart owe the consequences. that's next. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! trick question. i love everything about
Search Results 0 to 13 of about 14